Up to February of the current financial year, more than 50 million illegal foreign currency was recovered
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On an average, illegal foreign currency worth Rs 62 lakh is recovered every month. The police have seized more than 50 million worth of illegal foreign currency from various places till February of the current financial year.
Only on Monday night, the police recovered a large amount of foreign currency hidden in a truck from Tokha in Kathmandu. The driver Kusang Lama was also arrested along with 25 million 19 million 24 thousand 950 rupees worth of dollars and euros hidden in the upper part of the cabin where the driver lives.
The source of the undisclosed amount is both Nepalese and foreigners in the transaction.
Until February of the current financial year, the police have seized 97 thousand 157 US dollars, 87 thousand 50 euros, 7 thousand 200 Swiss francs, 46 thousand 200 Canadian dollars, 249 Singapore dollars. Similarly, 4 million 35 thousand Japanese yen, 57 thousand Saudi riyal, 40 thousand 520 Thai baht, 100 Malaysian ringgit and 71 million 7 thousand 340 baht were recovered by the police.
All seized currency is Nepalese rupees 50 million 37 lakh 52 thousand 615. 25 Nepalese and 22 foreigners were arrested in this illegal currency transaction.
The police have data of 34 crore 27 lakh 51 thousand 581 rupees recovered from the last 6 financial years from 2075/2076 to 2080/2081. 1 crore 59 lakh 10 thousand 959 in 2075/076, 89 lakh 500 in 2076/077, 7 crore 29 lakh 27 thousand 850 in 2077/078, 11 crore 54 lakh 44 thousand 624 in 2078/079, 5 crore 53 lakh 87 thousand 608 in 2079/080 and 7 crore 41 lakh 80 thousand 40 rupees in 2080/081.
According to Central Police Spokesperson and Information Officer, Deputy Inspector General of Police Dinesh Kumar Acharya, the recovered amount will reach the Customs Office and the Internal Revenue Office. After the investigation of the source of the undisclosed amount is completed, according to the law, it will be deposited in the revenue of the Government of Nepal. However, if the undisclosed amount comes from theft, fraud or something else, the matter is also investigated and a case is filed," Acharya said. '
Ramu Poudel, spokesperson of Nepal Rastra Bank, says that if the amount of undisclosed amount increases, it will directly affect the country's economy. He said that it will affect the country's revenue and taxes with banking transactions.
